{"id":119021,"date":"2022-09-27T10:36:23","date_gmt":"2022-09-27T05:06:23","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=119021"},"modified":"2022-09-27T10:36:24","modified_gmt":"2022-09-27T05:06:24","slug":"if-demand-is-unitary-elastic-a-25-increases-in-price-will-result-in","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/if-demand-is-unitary-elastic-a-25-increases-in-price-will-result-in\/","title":{"rendered":"If demand is unitary elastic, a 25% increases in price will result in"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. If demand is unitary elastic, a 25% increases in price will result in:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\" type=\"A\"><li>25% change in total revenue<\/li><li>No change in quantity demanded<\/li><li>1% decrease in quantity demanded<\/li><li>25% decrease in quantity demanded<\/li><\/ol>\n\n\n\n<p>Answer: 25% decrease in quantity demanded<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q. If demand is unitary elastic, a 25% increases in price will result in: 25% change in total revenue No change in quantity demanded 1% decrease in quantity demanded 25% decrease in quantity demanded Answer: 25% decrease in quantity demanded<\/p>\n","protected":false},"author":419,"featured_media":119022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4960],"tags":[4961],"offerexpiration":[],"class_list":["post-119021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demand-and-supply-mcqs","tag-demand-and-supply-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=119021"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119021\/revisions"}],"predecessor-version":[{"id":119023,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119021\/revisions\/119023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/119022"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=119021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=119021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=119021"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=119021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}